Thursday, July 30, 2009

The Fifth Step

Emergency Funds for the Business

You must use the money from the work you are doing in your free time to save up emergency money for the business. Just like you had to save up emergency money for yourself before you started to invest in this side business. An entrepreneur needs to always have fallback options. Only the very lucky survive without one; you don't want to rely on chance, because the odds aren't good. So, save up emergency funds for your business. Remember, your business has a life of its own. Entrepreneurship is creating a life; this life will be your slave, working to earn you money forever.

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